Crypto-backed political groups supported several winning candidates in Texas primary runoffs Tuesday, highlighting the digital asset industry’s growing role in US elections as Congress debates new rules for crypto markets. Attorney General Ken Paxton won the Republican US Senate runoff against four-term Senator John Cornyn by a wide margin, according to Texas primary runoff results, …
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XRP (XRP) is down roughly 64% from its July 2025 multi-year high, but several onchain and technical indicators suggested the altcoin was due for a “strong price rebound.” Key takeaways: XRP’s MVRV ratio fell to -47%, a level historically linked to strong market rebounds and accumulation. XRP Ledger transaction spikes suggest rising network activity and …
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Tether has announced plans to launch GEL?, a stablecoin pegged to the Georgian Lari, in partnership with the Government of Georgia. The announcement marks one of the first efforts to place a national currency directly onto digital asset infrastructure under a purpose-built stablecoin regulatory framework. Tether’s USD? carries a market capitalization approaching $190 billion, with …
South Korean prosecutors charged a group in an alleged rug pull involving the Solana-based memecoin Catpie, or CATFI, in what local media described as the country’s first decentralized exchange (DEX) rug-pull prosecution. The group was reportedly apprehended by the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Division. The main suspect, surnamed Park, …
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Key Takeaways 21Shares’ THYP and Bitwise’s BHYP drew a combined $72.38M, marking the strongest altcoin ETF debut of 2026 by far. Kairos Research data shows HYPE ETFs absorbed 1.04% of the token’s $15.28B market cap in 10 days, outpacing bitcoin and ether ETF debut metrics. A new wallet withdrew $30.93M in HYPE from Coinbase Prime …
Key Takeaways Sharplink and Forward join Russell indexes on June 29 with ETH and SOL treasury bets. Sharplink holds 874,351 ETH worth $1.8B, above its $1.22B market cap valuation. Russell inclusion may boost liquidity and institutional access for crypto treasury firms. Crypto Treasury Firms Go Mainstream With Russell Index Inclusion Sharplink Gaming is set to …
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Key Takeaways RAIN surged 44% to a record $0.01195 after a $100 million injection from the Rain Foundation on May 26. Rain became the No. 3 prediction market by TVL, trailing only Polymarket and Kalshi. Observers debate whether RAIN’s built-in burn mechanism can offset its massive 1.15 trillion max supply. Rain Token Hits All-Time High …
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Key Takeaways Trump appointed former Attorney General Pam Bondi to PCAST on May 27, joining Jensen Huang, Mark Zuckerberg, and Larry Ellison on the panel. PCAST is co-chaired by David Sacks, Trump’s former crypto and AI czar, signaling policy continuity for the digital assets industry. With stablecoin legislation in the Senate and the CLARITY Act …
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Key Takeaways Bitget launched Reality to offer tokenized stocks backed 1:1 by U.S. securities. Nasdaq and NYSE-linked infrastructure could boost regulated onchain asset trading. Bitget plans ETF and bond expansion as SEC reviews tokenized securities frameworks. Reality by Bitget Connects DeFi Markets to Tokenized Nasdaq-listed Stocks Crypto exchange Bitget has launched Reality, a regulated tokenization …
Key Takeaways Exchange OS launched on OKX’s Xlayer on May 26, enabling anyone to deploy spot and perp markets. Glassnode joined as Exchange OS’s data provider, supplying onchain and derivatives data to Xlayer. The permissionless protocol enters a space led by Hyperliquid, which recorded $170.29B in monthly volume recently. Glassnode Powers Exchange OS Launch on …
Key Takeaways Kenyan Treasury CS Mbadi denied reports of new crypto or bread taxes on May 25 to calm public panic. KPMG warned that the Finance Bill 2026 will hike operational compliance costs for web3 platforms. The Finance Committee will now compile oral submissions before presenting a final bill to Parliament. Clarifications on Digital Content …
Billionaire hedge fund manager Paul Tudor Jones is pouring hundreds of millions of dollars into one giant media company and two US banks. New SEC filings show that the Tudor Investment Corporation has just reported acquiring 7.05 million shares of Warner Bros. Discovery (WBD) worth $193.7 million. The investment comes as Warner Bros. is undergoing …
David Hoffman, an Ethereum advocate and the co-founder of the media company Bankless, said he sold the remainder of his Ether (ETH) holdings last week because the “ETH is Money” thesis has largely “played out.” Hoffman said in an X post on Tuesday that “Ethereum got the ETH price it deserves, and I don’t see …
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A range of crypto companies have been included in a preliminary list for potential inclusion in the Russell 3000 index, including treasury firms Sharplink and Forward Industries, along with crypto exchange Gemini and crypto services firm Galaxy Digital. A preliminary index inclusion list for the Russell 3000 was published by the index’s provider, FTSE Russell, …
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An unknown trader’s $1.3 billion sale of shares in BlackRock’s Bitcoin exchange-traded fund on Tuesday coincided with a steep fall in the price of Bitcoin, according to analysts. A trader sold 29.2 million shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) at 2:30 p.m. UTC on a “dark pool,” a private trading platform that institutions …
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